EURUSD

The EURUSD pair is moving around the 1.13235 pivot level, while the direction of the day will largely be determined by the US Jobless Claims data to be released at 15:30, the Manufacturing and Services PMI data at 16:45, and the Existing Home Sales data at 17:00. If the jobless claims come in above the expected 230K, the PMI figures (especially the expected Manufacturing PMI of 49.9) indicate weakness, and home sales fall below the expectation of 4.15M, this could be interpreted as a sign of cooling in the US economy and create global pressure in the markets. In such a scenario, the EURUSD may be expected to break the resistance at 1.13723 (R1) and move towards 1.14108 (R2). Conversely, if the US data comes in generally strong (low jobless claims, PMI figures exceeding expectations, and robust home sales), this could lead the EURUSD to fall below the support at 1.12850 (S1) and decline towards 1.12362 (S2).